Liberty Property Trust, of Malvern, Pa., has closed on the sale of 49 properties totaling about 4 million square feet of space and 140 acres of land for a total of $367.7 million, Liberty announced Monday. The buyer was not disclosed.

This sale was part of a transaction, announced last month (see below), consisting of 97 properties in all. The sale of the rest of the portfolio, for $329.6 million, is scheduled for late January.

The second half of that strategy was also shown by an earlier deal on which Commercial Property Executive reported last August, Liberty’s $1.5 billion acquisition of the operating partnership of Cabot Industrial Value Fund III. That purchase brought about 23 million square feet of space in 177 properties in 24 markets into Liberty’s industrial portfolio. The markets represented in that acquisition included Minneapolis, Southern California, Atlanta and Dallas.